K33 Research explained the increase in the price of Ethereum

Ether is ahead of bitcoin in growth rates. Since the beginning of June, the second in capitalization of cryptocurrency has risen in price by 70%, while the first – only 9%. The main factor in the air of the air is “double demand,” said K33 Research analysts.

For two months, ETH-ETF was able to attract more than $ 9 billion, and corporate funds have accumulated over 2% of the total broadcast of the broadcast. At the same time, due to active hedging of risks in the derivatives market, a situation was formed, which involves sharp price fluctuations, analysts say.

Unlike air, bitcoin demonstrates the opposite trend. After the publication of the price of the prices of American manufacturers, which in July increased by 0.9% against the expected 0.2%, the first cryptocurrency rate fell from $ 121,000 to $ 115,000. The situation is also ambiguous in spot-bitcoin -tf. According to the results of the second quarter, the amount of assets under the control of exchange funds reached a record indicator – $ 134.6 billion.

However, since the beginning of August, the influx of capital has been weakened, while products on the basis of the ether continue to attract funds. According to researchers, such an imbalance, along with a decrease in the correlation of cryptocurrencies with traditional assets, can lead to a longer correction of the main digital assets than previously expected.

Earlier, the co -founder of Fundstrat, Tom Lee, said that the broadcasting rate can overcome $ 12,000 and even $ 15,000 by the end of the year, since the coin has significant potential for further rally.

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